# CHARTERBANK
WEST POINT, GA · FDIC certificate 30720 · asset band $1-10B · latest filing 2018-06 · stopped filing (departed)

**Verdict on the desk:** this could be *fortress*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.63B | |
| Deposits | $1.34B | |
| Loans and leases | $1.17B | |
| Total equity | $219.6M | |
| Loans / deposits | 86.03% (p38 of band) | 90.60% |
| Liquid assets / assets | 20.38% (p50 of band) | |
| Uninsured deposits / deposits | 15.17% (p21 of band) | 26.16% |
| Brokered deposits | 1.72% | |
| Wholesale funding | 5.40% (p34 of band) | |
| FHLB advances / assets | 3.68% | |
| Tier 1 leverage | 11.29% (p74 of band) | 10.10% |
| Unrealized securities loss / equity | -2.07% (p61 of band) | -2.78% |
| AOCI / equity | -0.67% (p70 of band) | |
| ROA (annualized) | 1.46% (p74 of band) | 1.18% |
| Net interest margin | 4.04% (p78 of band) | 3.62% |
| Efficiency ratio | 58.45% (p39 of band) | |
| Noncurrent loans | 0.14% (p14 of band) | 0.46% |
| Net charge-offs (annualized) | -0.09% (p3 of band) | |
| Reserve coverage of noncurrent | 714.54% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 79.73% (p84 of band) | |
| Auto loans | $1.7M (0.14% of loans; DQ 0.18%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | 10.3% | |
| Employees | 344 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 1 |  | noncurrent p90 |
| 2012-03 | 2 | construction >100% equity |  |
| 2012-06 | 1 |  | construction >100% equity |
| 2012-09 | 3 | deposits shrinking, assets shrinking |  |
| 2012-12 | 4 | uninsured deposits leaving |  |
| 2013-03 | 1 | charge-offs p90 | reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2013-06 | 3 | noncurrent p90, reserve under noncurrent |  |
| 2013-09 | 3 |  |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving | charge-offs p90 |
| 2014-06 | 5 |  |  |
| 2014-09 | 4 |  | uninsured deposits leaving |
| 2014-12 | 4 | uninsured deposits leaving | noncurrent p90 |
| 2015-03 | 2 |  | deposits shrinking, uninsured deposits leaving |
| 2015-06 | 1 | capital falling | reserve under noncurrent, assets shrinking |
| 2015-09 | 1 |  |  |
| 2015-12 | 0 |  | capital falling |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 0 |  | capital falling |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | capital falling |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2018-04-24 [CenterState Bank Corporation Announces Acquisition of Charter Financial Corporation and Expansion into Vibrant Atlanta Market - PR Newswire](https://news.google.com/rss/articles/CBMijgJBVV95cUxQdXpRODEwLWR0bzE5TElhUXVxclhDSXZ3RUh1eDdTUm9zVksxVE93RE04Q1ZPT2paOVhBM1R0a1dqZnBiVTdMLVJFVEh1a3B6cXl6NTRqZEJfaS1CVTFidnc1S1V1MDktUjJLeEM3azE1YUJiSUxhUXQxZjNmVy1feXh1dWhWX0Z6VjA3NFkxRmZWWHd5UXNMRXA2cExnbGhzUDN3bTlqUkt1UTdsbWU2T0R2Wm8xLTFqQUxOaDBfRWtIZ0tyNENVM2VaWkxaeWpVTUZrZHJiS1hJQ2VwVHhXMFhpc252RXFMS3A4cmVkNkRaMUNkcnFwYlBJY0NFa3pKNTNpa095NnVDZE9QdlE?oc=5) · PR Newswire
- 2018-01-02 [Best Banks in Georgia - Yahoo Finance](https://news.google.com/rss/articles/CBMickFVX3lxTE0xcVRFSEU0bzhrOE1MYUZxa29DTkUtMEZ1YjlzUlFXNmJWVmtxSzRlLUczWXpKT01EbmtuRGRIZ3ZteDBlSWlZaExLT0tMM1pTQUlCVmxMR0JJYXZoeDdRU2dBdkVzQ2xpdkVkODdoeDJwZw?oc=5) · Yahoo Finance
- 2010-03-27 [FDIC Shuts 4 Banks in Ga., Fla., Ariz. - CBS News](https://news.google.com/rss/articles/CBMicEFVX3lxTE5uVkstSUFORjQwbXVGdkNKaElFWEZVeFdpLXRiXzZWeEtSTkpXVWt4NVBELVhXcENLYlQ0bzdqMUkwdlp5R0h4YWQ3RnR2U0VsOFVKQmtJUkw2VmZqcENseEZ1ZGlPYlNoNWM1SlhfZ2U?oc=5) · CBS News
- 2015-12-03 [Charter Financial Corporation Announces Agreement to Acquire CBS Financial Corporation - GlobeNewswire](https://news.google.com/rss/articles/CBMi9wFBVV95cUxNNkJVamJTaFN2YzdtMFNXSGg3LWhLdExwdXdCYVBibGZLQTJDRmp4OEFENUNidlJnck1OM05TODlkSVMxRkxwWU5RMm5xbVBCVUJNRUZQNnViRTd3czlmYlgzUFJWYWdVbDBCcmlJaldyWjhza1dnVlYyaDdQQlFyUVNBcnN2blVOSU1ZQWhtdE80OXpTVGlJUndIQWhCMG94VF9QVW9oZTBSc2sxZ2IxSXV1V19NeUVEbWtUNmFzcDhDcW1ueEU1bnIzeWhzd1Y2OExvcXFKdmsxUm9qSnFGNUVOeDdjdU5uWExVZXpNNEtmTEpUdWdz?oc=5) · GlobeNewswire
- 2018-09-04 [CenterState Bank Corporation Completes Acquisition of Charter Financial Corporation and expands branch network to Alabama and Georgia - PR Newswire](https://news.google.com/rss/articles/CBMimAJBVV95cUxQRDc3b0dXamRiVVNHZUZMaWJtQmZrbEtPSXMzM2FHcHhrc3B1MDUtUXhYLWRkZnV4MWZOMTRUaVhSaGxpSDlVWGhtVExyNk5ib0FIcEFsc0tRMVg1YzRiWFdYb2pwU3VtRVVDOGRkMTVWN3l0dzV0TGNRV1VCdkY3WkVJdUd3MUw3b1B2ek10TEw2dGlwQkExcDFzUk1lOTZ1MDR3c205QW1KWjh5dzJ2MVg4MGZJWmwtZzVtN3VpTlBMUkxYRV9SRWs2OGQ5Rkdrb3dGX3VEYjEtenBhcHFFTm9PLWhGMGItTmQ2WThtSnpQbnBiNWZqZW5DR25IbjFEX2E2MkFwNHEtZlF0aVdnOURZWmw0ekhH?oc=5) · PR Newswire
- 2022-10-06 [Obituary for Linda Lee Drummond - jeffcoattrant.com](https://news.google.com/rss/articles/CBMiY0FVX3lxTFA2RVBlT3BGU2duMGV2OTdIdW5kNFppNVRWTUtweTBqZ1p3WnA4MFY2MWZyN09WRVg2czlBcWIydndyMHRINmt4b1d3bVYxZXRUeWUweXBmTGhjM3Z4Q19QTWV1dw?oc=5) · jeffcoattrant.com
- 2009-06-27 [Regulators shut 5 banks; 45 failures - The Himalayan Times](https://news.google.com/rss/articles/CBMif0FVX3lxTFBjdEROTVAzZjN5U3E2aE5XNkYteFgtS0xkUEVIVDFPUklVX1FtcmVlQnhiS2I4WXc4RWZpb0RpdHRrN2RWY3FZemRJOWNqTTdXNHBmVHFLLS1aUnZtNFh2Tk9IOE5jamxjM3llNmlxWDEzbkY3OVc5NkRaUHg1Z3c?oc=5) · The Himalayan Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=30720 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/0.json (key "30720", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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